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Latvia: National Industrial Policy Guidelines 2014-2020

The economic crisis proved that the Latvian economic model –mainly based on internal demand– was not sustainable. For that reason, action was taken to support the transition towards a more sustainable economy: An export focus paired with increased attraction of capital to be more competitive in both internal and externalmarketswerethebasisofthis new model. In this context, the need to revise the different national policies arose, specifically regarding the nationalindustry.

Even if Latvia does not have a specific strategy for digitising industry in place, the National Industrial Policy Guidelines 2014-2020¹ (NPI) aim to promote structural economic changes that favour a higher added value production of goods and services. This istobeachievedbyincreasingtherole of a more modernised industry and by expandingexports.

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